# Building Societies Act 1986, Paragraph 3C

Extent: E+W+S+N.I.

(1) This paragraph applies to the appointment of an auditor or auditors under section 77, where the building society does not have an audit committee.
(2) Before an appointment to which this paragraph applies is made the directors must propose an auditor or auditors for appointment.
(3) Before the directors make a proposal under sub-paragraph (2), they must carry out a selection procedure in accordance with Article 16(3) of the Audit Regulation , from which their proposed auditor or auditors must be drawn .
(4) Sub-paragraph (3) does not apply in relation to a proposal to re-appoint the society’s existing auditor or auditors.

---
Source: https://www.legislation.gov.uk/ukpga/1986/53/schedule/11/paragraph/3C (the official version)
Page: https://openlegislation.uk/building-societies-act-1986/schedule-11/paragraph-3C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.